Posts Categorized: Trusts

Blended families on their own have an opportunity to launch new traditions and relationships, but there are often pitfalls and challenges associated with finances. According to research conducted by the Stepfamily Foundation, approximately 1300 new stepfamilies come into existence every single day and at least 41% of individuals living in the United States have at… Read More »

Certain estate planning documents may apply to you in general, but for other situations you may wish to have a trust or a will rather than having both. Many people have a basic understanding or what a will or a trust is and may already have formed an opinion about which one is better for… Read More »

Estate planning is important for everyone, but the major changes in your life also should prompt a meeting to your estate planning lawyer. New parents have their own unique considerations brought to the table with an estate planning attorney. There are several different protection tactics that you can use to prepare yourself for your new… Read More »

Thinking about what will happen to your assets after you pass away is an important conversation and one that should be conducted with the help of an estate planning attorney. However, planning for the future goes beyond thinking about what you’ll leave behind for your beneficiaries and what you will do to minimize your taxes…. Read More »

In the event that you establish a trust, you will need to also name a trustee. It can be difficult to think about this process because you want someone who will have a relatively good relationship with your beneficiaries, who you also feel confident in passing the responsibilities on to. Likewise, you need to… Read More »

Trusts have many different benefits for individuals going through the estate planning process in Ohio, and one of the most common differences between types of trusts is the ability to alter the trust now and in the future. This is the main difference between an irrevocable and a revocable trust. Each has advantages and disadvantages…. Read More »

Unfortunately, while there are plenty of legitimate living trusts and elder law planning attorneys in Ohio who help put them together, far too many seniors across the country fall victim to scammers who intimidate and scare their victims into purchasing unnecessary or worthless trusts. If you put together a living trust, work directly with an… Read More »

When your children are little, the big concern in estate planning is making sure the right person will raise them if something happens to the parents. Moms and dads spend a lot of time thinking about the best person to appoint as a guardian in a worst-case scenario. But with the candles extinguished on the… Read More »